1024 BRAE COURT
About This Property
The Highland Lakes Community HOA offers unlimited use of three executive golf courses without green fees. The recreational center boasts numerous activities and sports, including heated community pools, lighted tennis courts, shuffleboard, and pickleball courts. The additional clubhouse at Lake Tarpon Lodge features pontoon boats, a private boat ramp, a fishing dock, and boat/RV storage. Located within minutes of Gulf beaches, Highland Lakes is safely above the flood plain in a non-evacuation zone. The community is conveniently close to a variety of restaurants and shopping, parks, airports, cultural resources, professional sports venues, and excellent medical services. Highland Lakes provides a fantastic community to enjoy life on the West Coast of Florida, with opportunities to be as active as you desire in this country club-like neighborhood.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 6, 2025 | Sold | ||
| Sold | |||
| May 1, 2025 | In contract | - | |
| In contract | |||
| Apr 8, 2025 | Price Decreased |
$349,900
↓ $19K
(5.2%) | |
| Price Decreased | |||
| Mar 27, 2025 | Price Decreased |
$369,000
↓ $11K
(2.9%) | |
| Price Decreased | |||
| Mar 14, 2025 | Price Decreased |
$379,900
↓ $19K
(4.8%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017